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November 20, 2008

Home sales

Maybe we've hit bottom.

For the Boston area, which includes Cambridge and Quincy as well as New Hampshire, the median home sale price in the third quarter saw a 10 percent decline — to $373,400 from $414,700 in the third quarter last year. Compared with the second quarter, however, prices increased by roughly 2 percent. The median sales price in the second quarater was $366,100. The median price is where half of the homes sold for more and half sold for less.

My emphasis above.

Posted by Tom Bowler at 11:20 AM | Permalink

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